Germany's auto industry employment fell to 691,500, a 21-year low. Volkswagen plans factory closures and mass layoffs. BMW and Mercedes are also shrinking capacity. Germany's auto困境 stems from lagging electrification, rigid cost structures, and intensifying China competition.
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Nissan Motor announced the closure of its Changzhou passenger vehicle plant in Jiangsu Province, with annual capacity of approximately 130,000 units. This is Nissan's second plant closure in China since 2024. Data shows foreign brands' market share in China has dropped below 40%, with Japanese brands experiencing the steepest decline. Analysts attribute this to the rapid rise of Chinese brands and lagging electrification efforts.
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